Finance

Trade tension and a record-long government shutdown have left many in the “more defensive parts of the market,” one TD Ameritrade strategist says.

The hybrid digital firm has now raised over $255 million and aims to further expansion plans and add more advisor hires, according to CEO Jay Shah.

At Pimco, the fixed-income giant he co-founded, Bill Gross racked up one of the longest winning streaks of any money manager.

The firm’s efforts to attract talent away from rivals boosted headcount by a net 57 advisors in 2018.

Under the deal, private equity-backed Wealth Enhancement Group would make its 10th acquisition in the past five years.

Volatility “makes investors a little bit more negative and cautious,” says DWS Chief Financial Officer Claire Peel.

CEO Dan Arnold pledged new tech-enhanced support for advisors as part of a larger cultural transformation.

The firm suffered from market volatility in the fourth quarter.

The calculus has changed due to plunging coin prices and regulatory tightening, which raises the risk of forced refunds.

Despite its death, Barclays is transitioning assets and trading volume to a nearly identical version of the fund.